Russia’s invasion of Ukraine is causing an earthquake in world financial markets as Western diplomats prepare to respond to Russian President Vladimir Putin’s act of war.
Tracollo for the Moscow Stock Exchange, in the short period of trading between two suspensions it touched losses of up to 45%. The ruble fell to an all-time low against the dollar, touching 90, and then recovered some ground thanks to the intervention of the Russian Central Bank. Tension on raw materials with the risk of further fuel for inflation: Brent has broken through 100 dollars a barrel. Instead, safe-haven assets such as gold rise.
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